The world gold price fluctuated strongly, from the opening price of 3,372 USD/ounce to 3,308 USD/ounce and then increased again to 3,378 USD/ounce. In less than 1 day, the world gold price decreased from 130 - 190 USD/ounce.
Due to the unusual increase and decrease of world gold prices, the domestic gold market on the morning of April 23 traded more slowly than usual. Saigon Jewelry Company - SJC reduced the price of each tael of gold by 2 million VND, down to 120 million VND for buying and 122 million VND for selling. The price of gold rings also decreased accordingly, down to 2 million VND per tael, down to 114 million VND for buying and 117.1 million VND for selling. The price of SJC gold bars is currently 16 million VND/tael higher than the world price, while gold rings are 13 million VND/tael higher.
SJC gold price decreased by 2 million VND/tael on the morning of April 23
World gold prices fell due to profit-taking by investors and stocks rising again. US President Donald Trump took action to ease trade tensions when he announced that tariffs on Chinese goods would be "reduced significantly, but not to zero" at a press conference at the White House on April 22 (US time).
In addition, US President Donald Trump said he has no intention of firing Federal Reserve Chairman Jerome Powell. The stock market rebounded, with the Dow Jones index rising 1,016.57 points (equivalent to 2.66%) to 39,186.98 points. The S&P 500 index rose 2.51% to 5,287.76 points, while the Nasdaq Composite index advanced 2.71% to 16,300.42 points.
While gold is considered a key safe-haven asset, some analysts have noted that a recession could prove initially challenging for the precious metal as investors are forced to liquidate their winning trades to offset losses in the stock market. However, analysts have also noted that historically, gold has tended to outperform the stock market during economic downturns.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-2342025-trong-nuoc-giam-2-trieu-ngay-dau-gio-sang-the-gioi-roi-tu-do-185250423085133505.htm
Source: https://baolongan.vn/gia-vang-hom-nay-23-4-2025-trong-nuoc-giam-2-trieu-ngay-dau-gio-sang-the-gioi-roi-tu-do-a193993.html
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